HSBC

Since the HSBC Swiss leaks last year, there's been a growing scrutiny of the role of financial secrecy in aiding tax evasion, so it's no surprise that Prime Minister Modi's focus during his Switzerland visit included the subject of Indians with hidden Swiss bank accounts. Unfortunately, the issue of cross-border movement of black money is complex and governments around the world are limited in what they can do on their own to persuade jurisdictions like Switzerland to cooperate.

An HSBC analyst report marked down our valuation from $1 billion to $500 million. For starters, this is very different from all the markdowns so far where investors have marked down their own investments. But given all the media reports, I got a lot of questions from people at Zomato about what's going on. Here's an email I sent to everybody at Zomato (2100 people currently across the world) to allay their concerns and answer their questions. Read on.

LONDON -- Europe's largest lender, HSBC, is imposing a hiring and pay freeze acro the bank globally in 2016, two sources familiar with the matter told Reuters. An email was sent to staff on Friday de...

Planning to buy a house? Go on a world tour? Or both, with the Rs 15-lakh worth of black money that was to guzzle into your bank account? You might be better off settling for a picture postcards of th...

HSBC today said it will slash as many as 50,000 jobs and shrink its investment bank by a third to combat sluggish growth acro its sprawling empire. Half of job cuts will be in Brazil and Turkey, whe...

Disappointing earnings of Indian companies have dragged the stock markets down since December, and now a major global bank has downgraded Indian stocks. HSBC downgraded Indian stocks to "underweight"...

Activity in India's services industry expanded at its fastest pace in eight months in February as improving domestic demand drove a surge in new orders, a busine survey showed on Wednesday. Increased...

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